Information Technology
RiteChoice looks at $3 m in second round funding
RITECHOICE Technologies Pvt Ltd, a Chennai-based software company offering solutions for brokerage houses, is planning a second round of venture funding to the tune of $3 millions.

interWAVE, Openstream tie up for wireless solutions
INTERWAVE Communications International Ltd has entered into a strategic alliance partnership with Openstream Inc, a US-based company promoted by a group of Indians providing wireless data services and systems, to jointly develop and market wireless messa ging solutions and applications for enterprise and community users.

Goldstone bags orders worth Rs 2 crores
GOLDSTONE Technologies Ltd (GTL), a company with interests in telecom and software technology, has obtained three projects in the area of Internet technologies, to be executed from its offshore development centre located here.

Mascon to tap telecom software market
MASCON Global Ltd, a software development company focusing on management consultancy, has forayed into development of telecom software. The company also proposes to raise $30 million through preferential placement.

Sigma Online seals pact with Panamsat -- Plans to activate 8 gateways
THE Hyderabad-based Sigma Online Ltd, a Category-A national Internet service provider (ISP), has firmed up uplink connectivity with the US-based Panamsat-4 and is in the process of activating eight Internet gateways later this month.

ChemB.com to go global soon
CHEMB.com, the India-centric chemical portal, will start its B2B global trading operations this month. Ernst & Young, the global consulting firm, has agreed to help raise $15 millions from foreign institutional investors for funding the expansion plans, Mr. Amitabh Sinha, Director (Communications), Chem Bazaar Online Pvt Ltd, told Business Line.

Luminaire, ITI install WAN for Welspun
BANGALORE: The Bangalore-based Lunminaire Technologies Ltd, in association with ITI Ltd, has successfully implemented the task of installing multi-service Wide Area Network for Welspun India Ltd, connecting their factory and offices located at nine diffe rent locations.

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